A financial BLOG written by a DIY investor covering Singapore blue chips, dividend stocks, financial education, corporate news, money saving tips, book reviews and my journey to financial freedom. Currently managing a personal portfolio of more than SGD $1,000,000, I aspire to have an average cash flow of minimum $10,000 per month either through realised capital gains or dividends.

Friday, December 26, 2008

Spending my year end bonus

I just received my annual payslip and was pleasantly surprised to know that I have earned a gross annual income of $80,000 this year, $10,000 more last year. I expect next year’s income to be around this region or at most $2,000 more, assuming I stay on to my current job. As I did not travel overseas, I decided to spend more on buying material goods for my family, close friends and myself.

Some of the purchases were in the grey region of needs and wants. For instance, a comprehensive health checkup is a need and I have signed up for SPA and gym to improve my overall health being. It can be justified that it is a “need” I want.

Same goes with humidifier, which improves my sleep (and health); new clothes are definitely “wants”, yet necessary spending “needs” for working people.

Fortunately, I have applied for some credit cards that come with cash rebates helped to defray my costs.

I have calculated that I have a budget deficit of about $1,000 after adjusting for a cancelled $2,400 travel expenses. I guess the additional $1,000 will have to come from my dividends and additional bonus. No harm to exceed the budget as long as you know where the money is going.

Singapore Blue Chips

Labels

About Me

I am an ordinary Singaporean guy in my early thirties who is passionate about investing since 2003.
I live in a 4 room HDB flat and like many Singaporeans, dream of becoming a millionaire.
Currently I am an ordinary worker and have just completed my Masters. I aspire to build up a portfolio of 1 million dollars and derive a yearly recurring dividend income of 6% by 35.
The only way to achieve this aim is to work hard and invest prudently.
I invest in a variety of instruments such as unit trusts, stocks, REITS and foreign currencies mainly Australian dollars options.